Bam Entertainment Inc – ‘8-K’ for 9/30/03 – EX-99.1

On:  Thursday, 10/2/03, at 5:28pm ET   ·   For:  9/30/03   ·   Accession #:  950148-3-2408   ·   File #:  0-32989

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     19K 
 2: EX-4.1      Instrument Defining the Rights of Security Holders    16     66K 
 3: EX-10.1     Material Contract                                     34    148K 
 4: EX-99.1     Miscellaneous Exhibit                                  1      7K 
 5: EX-99.2     Miscellaneous Exhibit                                  2±     9K 

EX-99.1   —   Miscellaneous Exhibit

EX-99.1
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                                                                    EXHIBIT 99.1

 BAM! ENTERTAINMENT OFFERS $1,776,000 OF ITS COMMON SHARES AND
WARRANTS TO PURCHASE COMMON SHARES

SAN JOSE, CA - SEPTEMBER 30, 2003 - BAM! Entertainment(R) (NASDAQ: BFUN), today 
announced that it had agreed to sell 1,850,000 shares of its common stock and   
warrants to purchase another 1,665,000 shares of its common stock, resulting in 
gross proceeds (assuming no exercise of the warrants) of $1,776,000, in a       
private offering to institutional and accredited investors. The Company has also
granted the investors a 45 day option to purchase an additional 1,650,000 shares
and 1,485,000 warrants on identical terms. The agreement is subject to the      
satisfaction or waiver of usual conditions precedent.                           

Under the agreement, the shares of common stock will be issued at $0.96 per     
share, which is equal to 80% of the 30-day moving average price per share       
through the date the agreement was signed. The warrants will have a five-year   
term and will be exercisable at $1.87 per share, which is equal to a premium of 
110% of the closing bid price per share on the date the agreement was signed.   

This notice does not constitute an offer to sell, or the solicitation of an     
offer to buy, securities. The securities have not been registered under the     
Securities Act of 1933, or the securities laws of any jurisdiction and may not  
be offered or sold in the United States absent registration or an applicable    
exemption from the registration requirements of the Securities Act of 1933.     

FINANCIAL CONTACT:         BAM! Entertainment, Inc.                             
Stephen Ambler            
Chief Financial Officer   
Tel.:   (408) 298-7500    
 E-mail: sambler@bam4fun.com

This release contains statements that are "forward-looking statements" within   
the meaning of the Private Securities Litigation Reform Act of 1995. These      
statements are based on current estimates and projections about BAM!            
Entertainment's business, which are derived in part on assumptions of its       
management, and are not guarantees of BAM! Entertainment's future performance,  
as such performance is difficult to predict. Therefore, actual outcomes and     
results may differ materially from what is expressed or forecasted in such      
forward-looking statements due to numerous factors. Such factors include, but   
are not limited to, those described in BAM! Entertainment's Annual Report on    
Form 10-K for the year ended June 30, 2003, which is filed with the U.S.        
Securities and Exchange Commission. Readers of this release are referred to     
those filings. BAM! Entertainment does not intend to update any of these        
forward-looking statements after the date of this release.                      

BAM! Entertainment, BAM! and BAM!4 are trademarks of BAM! Entertainment, Inc.   
are the property of their respective owners.                                    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		10/2/03
For Period End:		9/30/03		10-K,  10-Q,  10-Q/A,  8-K,  8-K/A,  NT 10-K
		6/30/03		10-K,  10-K/A,  NT 10-K
				List all Filings